Analysis: Chasing yield, U.S. private equity firms nudge up risk on insurers
Private equity firms have spent nearly $40 billion buying U.S. insurance companies in recent years, promising to earn higher returns on the mountains of money that insurers set aside to pay policyholders years or decades from now. The firms are moving some of the money out of traditional low-yield investments such as government bonds into […]
Nordic Capital Acquires Specialty Pharmaceutical Company ADVANZ PHARMA in Deal Worth ~$846 Million
ADVANZ PHARMA Corp. Limited (“ADVANZ PHARMA” or “the Company”), a specialty pharmaceutical company with a strategic focus on complex medicines in Europe, today announced the completion of its acquisition by a subsidiary of Nordic Fund X Epsilon, Cidron Aida Bidco Limited (“Bidco”). Graeme Duncan, Chief Executive Officer of ADVANZ PHARMA, said: “This deal is fantastic […]
Adenia acquires East African life sciences distributor
Adenia Partners, a private equity firm investing in Africa, has completed the acquisition of Africa Biosystems Limited (ABL), a distributor of life sciences and clinical diagnostics equipment in East Africa. Financial terms of the deal have not been disclosed. Established in 1999, ABL is headquartered in Kenya with subsidiary offices in Uganda and Tanzania. The […]
Singapore-based Impact Investor Heritas Capital holds USD60m first close of Heritas Growth Fund III
Heritas Capital (Heritas) has just held the first close of its third private equity fund, Heritas Growth Fund III (Fund III), at USD60 million. The first close follows Heritas Capital’s announcement early this year of its plan to launch a USD150 million Fund III as a Pan-Asia Impact Fund focusing on high impact sectors within […]
Astorg has completed its €1 billion-plus financing to acquire a majority stake in Corialis
The acquisition has been financed through an Environmental, Social and Governance (ESG)-linked syndicated term loan B placed with institutional investors in the European leveraged loan markets, the first of its kind for an Astorg-backed company. Sustainability and ESG are at the heart of Corialis’ business model: through its material of choice, aluminium, Corialis has developed […]
Arcano Impact just raised over €200 million to date and completes 10 transactions
Arcano Asset Management has raised over €200 million to date for the Arcano Impact Private Equity Fund (AIPEF) and has already completed 10 transactions. AIPEF is looking to invest in private equity funds with a clear focus on social or environmental impact, aiming to generate measurable positive impact alongside a financial return in line with […]
Grant Cardone Strikes Again With Another South Florida Multifamily Acquisition
Cardone Capital acquires Camino Real Apartments, a 325-unit multifamily property in Boca Raton, FL. Real estate investment firm, Cardone Capital LLC, announces their acquisition of Camino Real Apartments, a 235-unit apartment community located in downtown Boca Raton. This acquisition is part of the firm’s strategy to provide investors with the opportunity to participate in institutional-grade […]
Sogelink-Geodesial Group acquires ILTR
Just a few weeks after their merger, Sogelink and Geodesial Group have announced the acquisition of France-based company ILTR which develops the GEODP solution facilitating the management of public domain occupations. It is a small, close-knit company with around 40 employees, mainly in technical and commercial roles. All of them will become part of the […]
MidOcean Partners sells majority stake in The Planet Group
Mid market private equity firm MidOcean Partners (MidOcean) has sold its majority investment in The Planet Group (Planet), one of the world’s leading diversified professional services organisations. Planet will be merging with ProPharma Group (ProPharma), a portfolio company of Odyssey Investment Partners. Financial terms of the transaction were not disclosed. MidOcean invested in Planet in […]
Varagon Capital Partners supports Morgan Stanley Capital Partners’ acquisition of Sila Heating & Air Conditioning
Varagon Capital Partners (Varagon) is serving as Administrative Agent, Joint Lead Arranger and Joint Bookrunner on a senior secured credit facility to support the acquisition of Sila Heating & Air Conditioning (Sila) by investment funds managed by Morgan Stanley Capital Partners (MSCP). Sila Heating & Air Conditioning, Inc was founded in 1989 and is headquartered […]
